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Firm resiliency and dividend policy during the COVID-19 pandemic

Prasenjit Roy et al.

International Journal of Entrepreneurship and Small Business2026https://doi.org/10.1504/ijesb.2026.150969article
AJG 2
Weight
0.50

What the paper says

The study investigates the impact of COVID-19 on dividend policies among resilient and non-resilient Indian firms listed in the BSE 500 index from 2014-2015 to 2022-2023. As highlighted by Krieger et al. (2021), the COVID-19 pandemic compelled companies to reassess their dividend policies in response to economic disruptions. To analyse the pandemic's effect on dividend strategies, the research employs a system generalised method of moments (system GMM) model. The findings reveal that the pandemic significantly influenced firms' dividend policies, with non-resilient firms reducing their dividends compared to resilient firms. Additionally, firms with high return on assets (ROA), total assets (TA), and Tobin's Q (TBQ) maintained strong dividend payments during the pandemic, while highly leveraged firms struggled to sustain dividends. These results have practical implications for corporate and investment sector decision-makers, underscoring the importance of strategic and adaptive decision-making to ensure resilience in times of economic crisis.

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https://doi.org/https://doi.org/10.1504/ijesb.2026.150969

Or copy a formatted citation

@article{prasenjit2026,
  title        = {{Firm resiliency and dividend policy during the COVID-19 pandemic}},
  author       = {Prasenjit Roy et al.},
  journal      = {International Journal of Entrepreneurship and Small Business},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1504/ijesb.2026.150969},
}

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Firm resiliency and dividend policy during the COVID-19 pandemic

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.